The following cash budget for the fourth quarter of the current year has some missing information. The company has a policy of starting each month with a minimum cash balance of $9,500. Any necessary short term borrowing is done using the firm€™s line of credit, which is $40,000. The firm prefers to pay off its loans as quickly as possible, without violating its minimum cash policy.

Required:
Fill in the missing information, computing the value of each €œ?.€ Assume the firm began October with noloans.

Transcribed Image Text:

Cash Budget Fourth Quarter October NovembDecember S9,500 Beginning cash balance Cash receipts Total cash available Cash disbursements S9,500 14.100 S9,500 27,400 27,900 Payments for materials 4,400 4.100 Payments for direct labor 8,450 7.250 9205 720 16,800 Payments for oveiiead Total payments Balance pior to financing Minimum cash balance Financing Borrowing/repayment Ending cash balance with loans & repayments 18,300 17.030 9.500 9.500 9.500